Motorcycle insurance basics
12 April 2018
There’s a unique kind of freedom that comes with riding your motorcycle. Today, AA Insurance insures over 4,000 motorcycles and mopeds for Kiwis across New Zealand. Recently, we extended the list of motorcycles we offer cover for Ducati, Triumph, Aprilia, Victory, Buell, Cagiva and Harley Davidson. To help you navigate your way around motorcycle cover, we’ve put together answers to some frequently asked questions.
Why get motorcycle insurance?
Insurance is designed to give you peace of mind should something unforeseen happen to your motorcycle. Accidents can and do happen, even to the most skilled riders. Insurance can also cover other associated expenses, like the cost to replace your helmet or damage to someone else’s property because of an accident.
Without insurance, you may need to pay for repairs or replacement out of your own pocket, because no matter how careful you are, you can’t control the outcome of an accident, theft or fire.
What about mopeds?
Mopeds and scooters are covered under AA Insurance motorcycle insurance cover. In fact, around 22 per cent of AA Insurance motorcycle insurance policies are for scooters or mopeds.
How much will I receive if my motorcycle is written off or stolen?
When you take out or renew a comprehensive or third party, fire and theft policy with AA Insurance, we agree on a value to insure your motorcycle, which is shown on your policy schedule. This is the amount you will receive if your vehicle is written off or stolen. Other companies may use market value. It is important you check the value shown on your policy schedule and discuss it with your insurer if you have any concerns.
How much will motorcycle insurance cost?
The cost of motorcycle insurance can vary. At AA Insurance, some of the key factors it may depend on are the agreed value (see above), the engine size, the year of manufacture, driver details (such as date of birth and claims history) and the level of cover you select (e.g. Third Party, Third Party Fire & Theft, or Comprehensive).
What about modifications and customisations?
If a motorcycle is significantly different to stock, or the way it was originally manufactured, AA Insurance may not be able to offer cover. It pays to check and ensure your insurer knows about any customisations. You may want to consider a specialist motorcycle insurer if your vehicle is customised.
What about vintage and classic motorcycles?
While it varies between insurers, AA Insurance is only able to offer Third Party policies for pre-1980 motorcycles because it is more difficult to source parts for these. Again, you may want to consider a specialist motorcycle insurer.
Is my helmet covered?
AA Insurance’s comprehensive policy covers your helmet for the New Zealand retail price of the nearest equivalent helmet if it gets damaged or stolen.
What if someone else crashes into me?
If you're in an accident that wasn't your fault and you can identify whose fault it was and provide their details, you may not have to pay any excess.
Do you insure dual-sport motorcycles or dirt bikes?
Dual-sport motorcycles (also known as all-road and dual-purpose) are eligible for on-road cover with AA Insurance. Dirt bikes are not covered, and generally motorcycles ridden off-road are not covered either.
Motorcycle Storage Tips:
- If you have to keep your motorcycle outdoors, look for a sheltered area such as a car port and consider using a cover to protect it from the elements.
- If you’re not able to park your motorcycle on concrete, carefully consider the placement of your kick stand. You don’t want it to sink into soggy ground and fall over.
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